Deals
Saputo Seeks More Global Acquisitions as Dairy Demand Gains
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Saputo Inc., which won a three-way bidding battle for Australia’s oldest dairy producer, is seeking takeovers in the U.S., Brazil and New Zealand as it bets global demand for will continue to rise.
“Our balance sheet remains strong and we have the necessary resources to integrate multiple acquisitions at the same time,” Lino Saputo, chief executive officer of the Montreal-based company, said on a conference call. “We will continue to look for growth opportunities.”